Q: In Sheridan Company, total materials costs are $37,600, and total conversion costs are $61.560 for…
A: Materials Cost per unit = Total Materials Costs / Number of Units =$37,600/10,000 =$3.76…
Q: A recent engineering was given the job of determining the best production rate for a new type of…
A: Following below is the formula used to determine the profit for a firm; Profit = Selling price -…
Q: TFC q TVC 0 0 1 65 2 105 3 135 4 167 5 a. 203 6 244 7 293 d. 8 55 355 9 432 10 527 3. Draw the…
A: MC = Marginal cost curve.AVC = Average variable cost curve.AC = Average cost curve or Average total…
Q: Total Total Average Variable Product Total Fixed Variable Average Average Total Costs Marginal Costs…
A: Total fixed cost (TFC) remains constant as it is independent of quantity whereas, total variable…
Q: Answer saved What is the average variable cost? Marked out of 2 P Flag question Select one: O a. AVC…
A:
Q: Total Cost Fixed Cost Variable Marginal Cost Average Fixed Cost Average Variable Average Total…
A: The average variable cost (AVC) is the total variable cost per unit of output. This is found by…
Q: a) Does the product function provide constant, increasing, or decreasing scale benefits? b) Kjell…
A: x = 100N0.8K0.2 When both inputs are doubled, new production function is x* = 100 x (2N)0.8(2K)0.2 =…
Q: Refer to the information provided in Table below to answer the question that follow. Number of…
A: Total cost is the total expenditure incurred by the producer in the production process. Marginal…
Q: 10. For the cost function CC) = 100 - 20 -302 the average foxed cost of producing 2 units of outout…
A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…
Q: Using the specific identification method: Date Units purchased Cost per unit Ending inventory…
A: a. Ending inventory = No. of Units in Ending Inventory x Cost per unit June 1 = 2 x 272 = $544 July…
Q: Given: TR = 193Q -4Q² TC = 1/3Q³-12Q²+179Q+100 (A). Find Q to get maximum TR (Notes: Use 3 digits…
A: Answer;
Q: PRICE MARGIN AL ТОТА AVER AGE WORKE AVER AGE MAR GINA OUTPU AVERA ТОТА MARG INAL Т (Total | (P)…
A: A production function uses the factors of production (like labour, capital, technology, raw…
Q: Q What is the relationship between AVC and ATC? Why? Relationship They intersect Reason:
A: We’ll answer the first question since the exact one wasn’t specified. Please submit a new question…
Q: Inder which of the folowing axamples is tlikaly that the accounting profit is positive and the…
A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…
Q: 3) If AVC = $3 when quantity is 10 then what is the total variable %3D costs?
A: Variable cost varies with the level of production.
Q: 5. In multiproduct situations, when sales mix shifts toward the product with the highest…
A: Calculating the break-even point in a multi-product context is more complicated, and it's normally…
Q: 1. The cost-revenue data for a manufacturing company Item Cost or Revenue Selling price $85/unit…
A: The average cost is the per-unit cost which is calculated by taking the ratio of the total cost to…
Q: #6 Multiple choice For each size plant a manufacturer could build, there is a different A. long run…
A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…
Q: Does additive manufacturing rely on economies of scale to deliver low costs? What are two ways in…
A: Economies of scale refer to the situation of reducing the total cost during the process of…
Q: 8.1 The fixed costs at Harley Motors are $1M annually. The main product has revenue of $9.90 per…
A: c. ‘Harley motors have annual fixed charge which is adequate to $1 million. the most…
Q: For 9 units of a product, a manufacturer's cost is C(9) dollars and revenue is R(g) dollars, with…
A:
Q: age verage Average Product Fixed Cost Variable Cost Cost Fixed Cost Variable Total (Q) (TFC) Cost…
A: A market is completely competitive assuming that each firm in the market is a value taker. A firm is…
Q: What is the impartance of eatimating the aver age Cost, Tatal Cast . average Fixed Cast, tatal…
A: The firms, and businesses are the entities which are considered to be important contributors to the…
Q: Tatal Fixed Cost (TFC) Tatal Variable Tatal Cast Ouput AFC AVC ATC I MC (TPP) Cast (TVC) (TC) 40 70…
A: Meaning of Cost: The term cost refers to the situation under which a firm occurs various expenses…
Q: 1th - Which of the following costs does not include wages? a) Constant B)…
A: Constant costs or fixed costs are the costs when no output is produced. Output can only be produced…
Q: . The Great Outdoors Tent can be purchased from a wholesaler for $58 less discounts of 30% and 7%.…
A: Price: It refers to the cost of goods and services. The less the price of the goods and services the…
Q: 1. The transportation cost is $100 per ton per mile. A factory is producing 10 tons of output per…
A: Given the transportation cost = $100 per ton per mileTotal output = 10 tonsRent = $5000Distance = 3…
Q: Average Verage Fixed Average Variable Fixed Variable Total Total Margin Output Costs 10 Costs 60…
A: in the given question only output and total cost are only given, for the remaining parts following…
Q: Your cousin Vinnie owns a painting company with fixed costs of $200 and thefollowing schedule for…
A: Cost is defined as an expenditure that is incurred in the production of a product or service or to…
Q: (M&M) sell one size of coffee latte. Medro & Mariana put together the weekly breakeven diagram for…
A: The total revenue from the sale of a particular quantity of products or services is referred to as…
Q: of yeast, and 2 TS (tablespoons) of almond paste. An almond-filled croissant requires 3 ounces of…
A: Bear claw : 6 ounces of flour, 1 ounce of yeast, 2 TS of almond paste. Almond-filled croissant : 3…
Q: 5. Consider the accompanying breakeven graph for an investment, answer the following questions. a)…
A: Since you have provided multiple subpart question, we will solve the first three subpart for you. If…
Q: 10. The number of Manpower required for a software project in terms of time to complete. Is called…
A: NOTE: We’ll answer the first question since the exact one wasn’t specified. Please submit a new…
Q: 3. The owner of shop is contemplating adding a new product which will require additional monthly…
A: Fixed costs are costs that are independent of the total output that is produced by the firm.…
Q: Jan's Bike Shop Labor Output Marginal Total variable Fixed cost (workers) (bikes) Product…
A: Answer: Average fixed cost: it is the per-unit fixed cost of production. The average fixed cost is…
Q: ssignment ts 1 Keep the Highest 1/5 portunity cost and production possibilities is a skilled toy…
A: 1. To producing one more car (1 to 2 cars), Bob must sacrifice 3 balls (19 to 16 balls). => 3…
Q: 30. If MC = AVC, then: a AVC is at its low point. b. MC is at its low point. c. AVC is rising. d.…
A: The profit maximizing point of a firm occurs at the point where Marginal revenue (MR) equals to…
Q: a. What is optimization? How does it blow up the myth about profit being a result of a mere…
A: In order to achieve the “best” design that is being relative to a set of constraints or criteria…
Q: 9 The average cost of producing 10 units is Rs 30, while the average cost of producing 20 units is…
A: Given : Average cost of producing 10 units = Rs 30 Average cost of producing 20 units = Rs 20.
Q: Number of Cakes VC MC AVC FC TC ATC 50 1 30 2 50 25 4 155 Table 8.3 Table 8.3 presents the cost…
A: Meaning of Cost: The term cost refers to the situation under which a firm occurs various expenses…
Q: 1. A firm estimates its production function as 2 Q = -2.4 + 20*L -.5*L< + 30*K -1.00*K² + 15*F…
A: Q= -2.4 + 20L - 0.5L2 + 30 K - K2 + 15F - 0.3F2 TC = 2L + 2.5K + 1.75F w = 2, r = 2.5, f=1.75 (the…
Q: 2. Which one of the following is average total cost (ATC) if the output is 100 units and total cost…
A: Average cost or unit cost is equal to total cost divided by the number of units of a good produced…
Q: TVC ATC/AC 0 65 105 135 167 a. 203 244 7 293 d. 8 55 355 9 432 10 527 5. Explain why the short-run…
A: A complete table is a follows : TC = TFC + TVC AVC = TVC / Q ATC = TC / Q MC = TC - TC1 Q TFC…
Q: elp me pls, Thankyou :) Ill upvot
A: given bond face value = 1500 time = 10 years coupon rate = 15 % current price = 1390
Q: 18. Assume price is $10.The profit maximizing level of output for the firm is: GA where…
A: Under perfect competition, individual firms have no control over price. Therefore, the firm’s…
Q: 8. Stage II of Law of Variable Proportions is called: (a) Diminishing returns (b) Decreasing returns…
A: The Law of Variable Proportions is a key concept in economic theory. The Law of Proportionality is…
12-
Step by step
Solved in 2 steps
- Tennis Products, Inc., produces three models of high-quality tennis rackets. The following table contains recent information on the sales, costs, and profitability of the three models: MODEL AVERAGEQUANTITYSOLD (UNITS/MONTH) CURRENTPRICE TOTALREVENUE VARIABLECOST PERUNIT CONTRIBUTIONMARGIN PERUNIT CONTRIBUTIONMARGIN* A B C Total 15,000 5,000 10,000 $30 35 45 $450,000 175,000 450,000 $1,075,000 $15.00 18.00 20.00 $15 17 25 $225,000 85,000 250,000 $560,000 *Contribution to fixed costs and profits.The company is considering lowering the price of Model A to $27 in an effort to increase the number of units sold. Based on the results of price changes that have been instituted in the past, Tennis Products’ chief economist estimates the arc price elasticity of demand to be –2.5. Furthermore, she estimates the arc cross elasticity of demand between Model A and Model B to be approximately 0.5 and between Model A and Model C to be approximately 0.2. Variable costs…A firm has the capacity to produce 650,000 units of product per year. At present, it is operating at 64% of capacity. The firm’s income per unit is $1.00, annual fixed costs are $192,000, and variable costs are $0.376 per unit of product. Solve, a. What is the firm’s current annual profit or loss? b. At what volume of product does the firm break even? c. What would be the profit or loss at 80% of capacity?(a) What were competing technologies to cause destruction to CRT? and (b) Upon sleeping for more than a decade, why did Tesla’s stock price show sudden spike? (word limit: 20) Sub- Engineering Economics
- TR = 40 Q - 3Q^2 fixed lost = 30$ and each unit costs 10$ find maximum profit that can be obtained?COMPLETE SOLUTIONS pls Suppose we know that p-1,150-3D/10, where p = price in dollars and D = annual demand. The total cost approximated by $1,000+2D^2 a .Determine the value of D that maximizes profit. b. Show that in part(a) profit has been maximized rather than minimized c. Find the maximum profitSelect correct options plz.
- Given - Qd=525−3pQs=265+2pTC=23Q2+150Q D)Solve for Price and Quantity that maximizes profit. What is the max profit? E)What are the break-even quantities?A firm has the capacity to produce 1,000,000 units of a product each year. At present, it is operating at 70% of capacity. The firm’s annual revenue is $700,000. Annual fixed costs are $300,000, and the variable costs are $0.50 per unit. a. What is the firm’s annual profit or loss? b. At what volume of sales does the firm break even? c. What will be the profit or loss if the plant runs at 90% of capacity assuming a constant income per unit and constant variable cost per unit? d. At what percent of capacity would the firm have to run to earn a profit of $90,000?Please help 1- Joes explicit costs are ….. ' 2- Joes implicit costs are…. 3- Joes economic profit in the first year is ….. dollars. >>> If your answer is negative, include a minus sign. If your answer is positive, do not include a plus sign.
- P(t)5000t2+300t-200 models the profit P of vroom used car Dealership where t is the time in years. Evaluate p(12) and explain the meaningThe board of your company discusses a possible future price increase of 20% for one of the products. The argument against the increase is a decrease in sales due to the increased price. With how many units (pieces), sales can fall, without changing the total gross margin, with the following data for your company.Current sales price per piece SEK 600Variable costs per piece SEK 450Current sales volume 10,000 pieces5. A company has a production capacity of 500 units per month per month and its fixed costs are P250,000 a month. The variable costs per unit are P1,150 and each unit can be sold for P2,000. Economy measures are instituted to reduce the fixed costs by 10 percent and the variable costs by 20 percent. Determine the old and the new break even points. What are the old and the new profit at 100 percent capacity?